Paddy Power Betfair has announced the appointment of Jonathan Hill as its new chief financial officer.

Paddy Power Betfair

Hill, who is currently occupying the same role at Saga, will take over in the autumn. Hill joined Saga as CFO in April, 2015, and was previously group finance director at Bovis Homes. Prior to that, he held senior finance roles at TUI Travel and Centrica.

Commenting on the appointment, Paddy Power Betfair’s CEO Peter Jackson said: "We're delighted that Jonathan is joining us. He brings substantial strategic and operational finance experience in consumer businesses and I am confident he will make a significant contribution to Paddy Power Betfair's future success."

Hill said: "I am excited to be joining a business with great brands, differentiated products and substantial international scale. There are many opportunities to drive shareholder value and I look forward to being part of the team to deliver this".

Hill will replace Alex Gersh, who opted to step down on the appointment of his successor.